BidaskClub cut shares of Central European Media Enterprises (NASDAQ:CETV) from a hold rating to a sell rating in a report released on Friday.

Separately, ValuEngine lowered Central European Media Enterprises from a hold rating to a sell rating in a research report on Friday, December 1st.

Shares of Central European Media Enterprises (CETV) traded down $0.10 on Friday, hitting $4.40. The company’s stock had a trading volume of 550,140 shares, compared to its average volume of 260,751. The firm has a market capitalization of $652.33, a PE ratio of 450.00 and a beta of 0.90. Central European Media Enterprises has a 12 month low of $2.40 and a 12 month high of $5.20. The company has a debt-to-equity ratio of -17.99, a quick ratio of 1.96 and a current ratio of 1.96.

Central European Media Enterprises (NASDAQ:CETV) last announced its earnings results on Tuesday, October 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.07. Central European Media Enterprises had a negative return on equity of 42.57% and a net margin of 4.70%. The business had revenue of $119.43 million for the quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC increased its holdings in Central European Media Enterprises by 389.5% in the third quarter. Janus Henderson Group PLC now owns 2,325,000 shares of the company’s stock valued at $9,416,000 after buying an additional 1,850,000 shares during the last quarter. BT Investment Management Ltd bought a new stake in Central European Media Enterprises in the third quarter valued at about $1,200,000. DekaBank Deutsche Girozentrale increased its holdings in Central European Media Enterprises by 163.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 290,000 shares of the company’s stock valued at $1,189,000 after buying an additional 180,000 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Central European Media Enterprises by 248.3% in the first quarter. Renaissance Technologies LLC now owns 224,233 shares of the company’s stock valued at $695,000 after buying an additional 159,854 shares during the last quarter. Finally, State Street Corp increased its holdings in Central European Media Enterprises by 10.5% in the second quarter. State Street Corp now owns 1,349,477 shares of the company’s stock valued at $5,398,000 after buying an additional 128,411 shares during the last quarter. 28.15% of the stock is currently owned by institutional investors and hedge funds.

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About Central European Media Enterprises

Central European Media Enterprises Ltd. (CME Ltd.) is a media and entertainment company operating in Central and Eastern Europe. The Company’s assets are held through a series of Dutch and Curacao holding companies. The Company manages its business on a geographical basis, with six segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia.

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